Busimess Location 4.5 Flashcards
Factors influencing business location: c___ of pre_____
Cost of premises
Cost of rent for shops in town centres and shopping centres will be higher than elsewhere
Factors influencing business location: g____ av_______
- grants available
do not need to be paid back, they are given to businesses to encourage them to set up in areas which have high unemployment
-businesses may decide to open in a certain location because they have been given a government grant
Factors influencing business location: pr_____ to m_____
Proximity to market
bulky or perishable goods (food and drink items that have characteristics that make them likely to deteriorate in a short period of time.) manufacturers need to be close to their customers as the goods cannot be transported long distances
Factors influencing business location: pr_____ to cons____ footfall
Proximity to consumer footfall
Location close to customer footfall is important as it is good for the customers (convenience) and good for the business as it may need more sales
Factors influencing business location: pr______ to comp_____
Proximity to competitors
Some businesses choose to locate in a certain area which is well known for their products
This will draw customers to a certain area and if they don’t find the product they are looking for in one shop they may try another close by
Factors influencing business location: av______ of _lab
Availability of labour
Adequate supply of cheap and skilled labour is necessary for businesses
Factors influencing business location pr_____ to sk____ st____
Proximity to skilled staff
Some businesses may decide to set up near a cluster of other similar businesses or close to very skilled staff
Factors influencing business location: pr_____ to mat____
Proximity to materials
The closer a business can be to the raw materials it needs for production, the lower the costs of production will be
